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Short-Term Borrowings (Tables)

6 Months Ended

Jun. 30, 2020

Short-term Debt [Abstract]

Schedule of Line of Credit

The Company maintains lines of credit aggregating $140.0 million.

		(Millions)
		As of June 30, 2020														Renewal Date
		Outstanding				Available				Maximum				Credit Type
Bank of America		$	1.0			$	59.0			$	60.0			Uncommitted		September 18, 2020
PNC Bank			29.0				39.0				68.0			Committed		January 31, 2022
CoBank			7.5				4.5				12.0			Committed		November 30, 2020
		$	37.5			$	102.5			$	140.0

Schedule of Weighted Average Daily Amounts of Borrowings Outstanding

The weighted average daily amounts of borrowings outstanding under the Company’s credit lines and the weighted average interest rates on those amounts were as follows:

			(In Thousands)
			Three Months Ended							Six Months Ended
			June 30,							June 30,
			2020				2019			2020				2019
Average Daily Amounts Outstanding		$	36,445			$	50,992		$	28,901			$	50,485
Weighted Average Interest Rates			1.65	%			3.52	%		1.96	%			3.57	%

X

- Definition

Tabular disclosure of short-term or long-term contractual arrangements with lenders, including letters of credit, standby letters of credit, and revolving credit arrangements, under which borrowings can be made up to maximum amount as of any point in time conditional on satisfaction of specified terms before, as of and after the date of drawdowns on the line.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19(b),22(b))
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.4-08.(e),(f))
-URI http://asc.fasb.org/extlink&oid=120395691&loc=d3e23780-122690

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- Definition

Tabular disclosure of short-term debt arrangements (having initial terms of repayment within one year or the normal operating cycle, if longer) including: (1) description of the short-term debt arrangement; (2) identification of the lender or type of lender; (3) repayment terms; (4) weighted average interest rate; (5) carrying amount of funds borrowed under the specified short-term debt arrangement as of the balance sheet date; (6) description of the refinancing of a short-term obligation when that obligation is excluded from current liabilities in the balance sheet; and (7) amount of a short-term obligation that has been excluded from current liabilities in the balance sheet because of a refinancing of the obligation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 210
-SubTopic 10
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02.19)
-URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682

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- References

No definition available.

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